According to STV, the £7m plans would see the centre double its current size.
Construction work would include an extensive refurbishment and a brand new permanent exhibition, as well as new learning, teaching and corporate spaces.
There will also be a change in focus to the "science of energy", it has been reported.
The centre aims to raise the needed funds within two years from a number of private and public sources.
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Dr Paul Jennings, Chief Executive of the centre, said Satrosphere would be "refreshed" by the new development.
He explained: "The plan is to completely refresh the centre and in doing so create a dynamic and contemporary showcase for science in which audiences are actively encouraged to learn through 'hands-on' enquiry.
"Successful science centres draw on the context of their local science and 'energy' was a theme that came up consistently in our discussions with stakeholders in the City and Shire.
"Our plans will enable us to create a credible science centre which places a spotlight on the expanding energy sector."
Satrosphere is located on Aberdeen's Constitution Street, near the city's beach front, and is Scotland's oldest science centre. It opened in 1988 and has attracted tens of thousands of visitors of all ages each year. The new changes expect to bring a total of 70,000 visitors through the doors each year, as well as doubling the number of school visits each year.
(JP/CD)
